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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis |
Schedule of reconciliation of the finance receivables measured at fair value on a recurring basis |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (In thousands) |  |  | (In thousands) |
Balance at beginning of period |  | $ | 3,449,106 |  |  | $ | 2,791,373 |  |  | $ | 3,313,767 |  |  | $ | 2,722,662 |
Finance receivables at fair value acquired during period |  |  | 433,277 |  |  |  | 424,867 |  |  |  | 882,879 |  |  |  | 753,760 |
Payments received on finance receivables at fair value |  |  | (264,713 | ) |  |  | (208,964 | ) |  |  | (517,569 | ) |  |  | (419,899 | )
Net interest income accretion on fair value receivables |  |  | (61,641 | ) |  |  | (52,401 | ) |  |  | (126,548 | ) |  |  | (106,648 | )
Mark to fair value |  |  | 3,000 |  |  |  | 5,500 |  |  |  | 6,500 |  |  |  | 10,500 |
Balance at end of period |  | $ | 3,559,029 |  |  | $ | 2,960,375 |  |  | $ | 3,559,029 |  |  | $ | 2,960,375 |
Schedule of finance receivables to their contractual balances |
Schedule of finance receivables to their contractual balances |  |  |  |  |  |  |  |  |  |  |  |
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | Contractual |  |  | Fair |  |  | Contractual |  |  | Fair |
|  | Balance |  |  | Value |  |  | Balance |  |  | Value |
|  | (In thousands) |
Finance receivables measured at fair value |  | $ | 3,706,565 |  |  | $ | 3,559,029 |  |  | $ | 3,485,540 |  |  | $ | 3,313,767 |
Schedule of level 3 fair value measurements |
Schedule of level 3 fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Instrument |  | Fair Values as of |  |  |  |  | Weight Avg. Inputs as of |
|  | June 30, |  |  | December 31, |  |  |  |  | June 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |  |  | Unobservable |  | 2025 |  |  | 2024 |
|  | (In thousands) |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Discount rate |  |  | 11.33% |  |  |  | 11.37% |
Finance receivables measured at fair value |  | $ | 3,559,029 |  |  | $ | 3,313,767 |  |  | Cumulative net losses |  |  | 15.84% |  |  |  | 15.47% |
Schedule of delinquency status of finance receivables measured at fair value |
Schedule of delinquency status of finance receivables measured at fair value |  |  |  |  |  |  |  |
|  | June 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
|  | (In thousands) |
Delinquency Status |  |  |  |  |  |  |  |
Current |  | $ | 3,220,543 |  |  | $ | 2,969,864 |
31 - 60 days |  |  | 228,139 |  |  |  | 241,883 |
61 - 90 days |  |  | 103,588 |  |  |  | 113,662 |
91 + days |  |  | 56,671 |  |  |  | 64,810 |
Repo |  |  | 97,624 |  |  |  | 95,321 |
|  | $ | 3,706,565 |  |  | $ | 3,485,540 |
Schedule of fair values of financial assets and liabilities |
Schedule of fair values of financial assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | As of June 30, 2025 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 15,772 |  |  | $ | 15,772 |  |  | $ | – |  |  | $ | – |  |  | $ | 15,772 |
Restricted cash and equivalents |  |  | 144,396 |  |  |  | 144,396 |  |  |  | – |  |  |  | – |  |  |  | 144,396 |
Finance receivables, net |  |  | 1,671 |  |  |  | – |  |  |  | – |  |  |  | 1,425 |  |  |  | 1,425 |
Accrued interest receivable |  |  | 24 |  |  |  | – |  |  |  | – |  |  |  | 24 |  |  |  | 24 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 395,596 |  |  | $ | – |  |  | $ | – |  |  | $ | 395,596 |  |  | $ | 395,596 |
Residual interest financing |  |  | 155,103 |  |  |  |  |  |  |  |  |  |  |  | 155,103 |  |  |  | 155,103 |
Accrued interest payable |  |  | 11,491 |  |  |  | – |  |  |  | – |  |  |  | 11,491 |  |  |  | 11,491 |
Securitization trust debt |  |  | 2,813,234 |  |  |  | – |  |  |  | – |  |  |  | 2,802,071 |  |  |  | 2,802,071 |
Subordinated renewable notes |  |  | 28,828 |  |  |  | – |  |  |  | – |  |  |  | 28,828 |  |  |  | 28,828 |
|  | As of December 31, 2024 |
Financial Instrument |  | (In thousands) |
|  | Carrying |  |  | Fair Value Measurements Using: |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 11,713 |  |  | $ | 11,713 |  |  | $ | – |  |  | $ | – |  |  | $ | 11,713 |
Restricted cash and equivalents |  |  | 125,684 |  |  |  | 125,684 |  |  |  | – |  |  |  | – |  |  |  | 125,684 |
Finance receivables, net |  |  | 4,987 |  |  |  | – |  |  |  | – |  |  |  | 3,996 |  |  |  | 3,996 |
Accrued interest receivable |  |  | 65 |  |  |  | – |  |  |  | – |  |  |  | 65 |  |  |  | 65 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warehouse lines of credit |  | $ | 410,898 |  |  | $ | – |  |  | $ | – |  |  | $ | 410,898 |  |  | $ | 410,898 |
Accrued interest payable |  |  | 10,663 |  |  |  | – |  |  |  | – |  |  |  | 10,663 |  |  |  | 10,663 |
Securitization trust debt |  |  | 2,594,384 |  |  |  | – |  |  |  | – |  |  |  | 2,614,352 |  |  |  | 2,614,352 |
Subordinated renewable notes |  |  | 26,489 |  |  |  | – |  |  |  | – |  |  |  | 26,489 |  |  |  | 26,489 |

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